Cryptocurrency adoption in India continues to speed up, but the nation’s central financial institution, the Reserve Bank of India (RBI), is holding agency on its stance towards. Recently the RBI issued a “Regulatory Sandbox” of promising fintech developments that it considers worthy of testing and exploration. The doc expressly places cryptocurrencies on a “negative list” […]

Several Indian crypto exchanges have shared knowledge with information.Bitcoin.com on probably the most traded cryptocurrencies on their platforms thus far this yr. Crypto lovers in India have been shopping for and promoting a variety of cryptocurrencies regardless of the central financial institution’s roadblock which stops crypto exchanges from accessing banking providers. Also learn: Indian Government […]

The governments of China and India are recognized to be hostile to decentralized cryptocurrencies, and have taken steps over the previous few years to curb their adoption. Although largely unsuccessful, these steps have annoyed residents in search of to enter the crypto area. Both governments now look like strengthening their resolve to dam using crypto […]

A emblem of Standard Chartered is displayed on the monetary Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Standard Chartered Plc has laid off over 200 staff in India in its retail banking division, as extra clients transfer to digital providers, an individual accustomed to the matter informed Reuters on […]

In April, the Reserve Bank of India (RBI) issued a banking ban on cryptocurrency buying and selling and use. This ban prohibits banks from working with with exchanges or different crypto companies, and went into impact on July sixth. It is designed to close down crypto use in India by making fiat conversions inconceivable. Nevertheless, […]

News The authorities of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, regardless of an try and entice India with a 30% low cost. Dependent on the Latin American nation’s oil, a gentle, uninterrupted provide is vital to rising one of many world’s most populous nations. Venezuela is within the midst of dramatically dangerous […]

Regulation
Indian authorities have been struggling to understand the crypto phenomenon for fairly a while now – years, to be extra exact. The incapability to completely perceive it and put it underneath management has resulted in a state of semi-denial: “it’s illegal”, officers repeat tirelessly, but in addition maintain making an attempt […]

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Some companies in India consider that they’ve discovered a loophole in the finance minister’s speech that sought to clamp down on the use of cryptocurrencies. While this loophole might permit startups to simply accept bitcoin with out breaking the regulation, specialists query its viability. Also learn: Japan’s DMM Bitcoin Exchange Opens for […]

In a price range speech earlier than the Indian parliament, finance minister Arun Jaitley expressed a hostile stance towards the use of cryptocurrency as authorized tender. Jaitley said that the federal government doesn’t contemplate crypto authorized tender, and would take motion to finish its use as a way of cost. Jaitley’s feedback come as Bitcoin […]